Collagen peptides are short amino acids chains which are naturally obtained from collagen protein. Those collagen peptides are easily digestible, soluble in cold water and distinctly bioactive resources of collagen. The ingestion of collagen secures the elasticity, cohesion, and regeneration of hair, skin, cartilage, tendon, joints, and bones. Collagen peptides are the bioactive peptides derived from the enzymatic hydrolysis of collagen.
The global Collagen Peptides market changed into worth USD 750.61 million in 2018 and expected to be growing at a CAGR of 7.05%, to reach USD 1055.23 million by 2023.
Drivers and Restraints:
The most important factors propelling the growth of the market are increasing demand for processed food & beverage enterprise. Further, the increase in intake of snacks, dairy products, and bakery is expected to reinforce the increase of the market. Moreover, an increase in attention regarding dietary benefits of nutritional dietary supplements is expected to fuel the growth of collagen peptide throughout the globe.
However, increase in the use of alternatives including modified starch gels, pectin gels, carrageenan, excessive acyl gellan gum are projected to bog down the growth of the market.
On the idea of geography, the global market is analyzed under diverse areas namely North America, Europe, Asia-Pacific and relaxation of the world. The Collagen Peptides market is ruled by North America, which is holding the majority of the market proportion of over 34% globally. North America is followed by Europe and Asia-Pacific. The Asia Pacific is predicted to grow at a speedy pace in the coming few years.
Some of the prominent firms dominating the market include Darling Ingredients Inc., Weishardt Group, Tessenderlo Group, Cargill, Incorporated, Kewpie Corporation, Gelnex, Danish Crown A/S, Gelita AG, Italgelatine S.P.A., and Lapi Gelatine.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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